Warm Up to Financial Flexibility This Fall and Winter with a Great Oaks Bank HELOC

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Discover how a Home Equity Line of Credit (HELOC) from Great Oaks Bank can help you manage home improvements, debt consolidation, and holiday expenses this fall and winter—with low rates and potential tax benefits.

As the weather cools and the holidays approach, expenses often heat up—between home projects, travel, tuition, and gift-giving, it’s easy for costs to pile up. A Home Equity Line of Credit (HELOC) from Great Oaks Bank can help you stay ahead with flexible, affordable financing based on the equity in your home.

What Is a HELOC?
A HELOC lets you borrow against the equity you’ve built in your home, giving you a revolving line of credit to use when you need it. It’s similar to a credit card, but typically with much lower interest rates—and you only pay interest on the funds you use.

With a HELOC, you can:

  • Borrow funds as needed during your draw period
  • Make interest-only payments on the amount you use
  • Access funds easily for ongoing or unexpected expenses

Why Choose a HELOC This Fall and Winter?
Great Oaks Bank HELOC offers flexibility, convenience, and savings—perfect for when your seasonal spending starts to rise.

Here’s how you can use your HELOC this season:

  • Upgrade your home. Replace drafty windows, remodel your kitchen, or make energy-efficient improvements that boost comfort and value.
  • Simplify your finances. Consolidate high-interest credit cards or personal loans and lower your monthly payments.
  • Plan for the holidays. Cover travel, tuition, or gift expenses without tapping into your savings.
  • Potential tax benefits. Interest paid on a HELOC may be tax-deductible when used for home improvements.¹

A Limited-Time Special Offer to Keep You Cozy

For a limited time, you may qualify for a special 5.99% introductory rate for the first twelve months, followed by a variable rate of Prime + 0.00% to 0.50%, based on qualification.

Whether you’re planning home renovations or preparing for the holiday season, now’s the time to put your home’s equity to work for you.

Why Great Oaks Bank

At Great Oaks Bank, we’re committed to helping our neighbors in Georgia make smart financial moves that fit their goals. Our team offers personalized service, quick decisions, and trusted guidance to make the lending process easy and stress-free.

Start your application today!

¹ Consult your tax advisor regarding the deductibility of interest.

Loans are subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Credit line may be reduced or additional extensions of credit limited if certain circumstances occur. Additional terms and conditions apply. Available for Primary Residence only. The bank can lend up to 85% of the appraised value (minus 1st mortgage balance). $25,000 minimum loan amount and $500,000 maximum loan amount. Hazard insurance is required; flood insurance is required if the property is located in a flood zone. The Annual Percentage Rate (APR) is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. As of December 19, 2024, the variable rate is 7.50% APR. Rates may vary due to a change in the Prime Rate, credit score, or debt to income. The rate will never exceed 18% APR, or applicable state law, or fall below 4.00% APR. You must pay certain fees to third parties such as appraisers, attorneys, credit reporting firms, and government agencies. These fees typically range from $750 to $5,270. Choosing an interest-only repayment plan will result in a final balloon payment at maturity. If you made only the minimum payment and took no other credit advances, it would take 10 years to pay off a credit advance of $10,000 at an Annual Percentage Rate of 8.00%. You would make 119 monthly payments of $67.95 and a final balloon payment of $10,067.95. Repayment of the $500 bank-paid closing costs will be required if the HELOC is closed within 36 months of origination.


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